Proficio Capital Partners LLC Invests $223,000 in Seritage Growth Properties (NYSE:SRG)

Proficio Capital Partners LLC bought a new position in Seritage Growth Properties (NYSE:SRG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 54,187 shares of the financial services provider’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Atom Investors LP purchased a new position in Seritage Growth Properties in the 3rd quarter worth approximately $62,000. Charles Schwab Investment Management Inc. boosted its stake in Seritage Growth Properties by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,765 shares of the financial services provider’s stock worth $938,000 after buying an additional 12,206 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Seritage Growth Properties by 4.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 240,597 shares of the financial services provider’s stock valued at $991,000 after acquiring an additional 9,324 shares during the period. Bank of Montreal Can purchased a new position in shares of Seritage Growth Properties during the third quarter valued at approximately $4,640,000. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Seritage Growth Properties by 5.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 4,556,820 shares of the financial services provider’s stock valued at $21,189,000 after buying an additional 233,530 shares during the last quarter. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Seritage Growth Properties Trading Down 0.2 %

SRG stock opened at $3.31 on Friday. The company has a market capitalization of $185.97 million, a PE ratio of -1.30 and a beta of 2.68. The firm’s 50-day moving average is $3.62 and its 200 day moving average is $4.07. Seritage Growth Properties has a 12 month low of $3.12 and a 12 month high of $9.87. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.10 and a quick ratio of 8.10.

About Seritage Growth Properties

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.